Filing Flows › Air Products & Chemicals (APD) › Guidance history
Air Products & Chemicals (APD) guidance history: what it guided and what it reported
Air Products & Chemicals gave guidance in 12 earnings releases on file since Apr 30, 2024. Its releases raised guidance twice and lowered it 0 times.
Operating margin
Every guided period is still to be reported.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY26 | 28.8% (Apr 30, 2026) | — | to be reported | — |
Adjusted operating margin
Every guided period is still to be reported.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | 24.4% (Nov 5, 2026) | — | to be reported | — |
| FY26 | 25.6% (Jul 30, 2026) | — | to be reported | — |
Capital expenditures
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | $3.0B–$3.5B (Nov 5, 2026) | — | to be reported | — |
| FY26 | $4.0B (Nov 6, 2025) → reaffirmed $4.0B (Jan 30, 2026) → reaffirmed $4.0B (Apr 30, 2026) → lowered $3.5B (Jul 30, 2026) | — | to be reported | — |
| FY25 | $4.5B–$5.0B (Nov 7, 2024) → reaffirmed $4.5B–$5.0B (Feb 6, 2025) → raised $5.0B (May 1, 2025) → reaffirmed $5.0B (Jul 31, 2025) | $7.0B (GAAP) | not judged | — |
| FY24 | $5.0B–$5.5B (Apr 30, 2024) → reaffirmed $5.0B–$5.5B (Aug 1, 2024) | $6.8B (GAAP) | not judged | — |
Adjusted EPS
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q1 FY27 | $3.35–$3.45 (Nov 5, 2026) | — | to be reported | — |
| FY27 | $14.15–$14.50 (Nov 5, 2026) | — | to be reported | — |
| Q4 FY26 | $3.55–$3.65 (Jul 30, 2026) | — | to be reported | — |
| Q3 FY26 | $3.25–$3.35 (Apr 30, 2026) | — | — | — |
| Q2 FY26 | $2.95–$3.10 (Jan 30, 2026) | — | — | — |
| Q1 FY26 | $2.95–$3.10 (Nov 6, 2025) | — | — | — |
| FY26 | $12.85–$13.15 (Nov 6, 2025) → reaffirmed $12.85–$13.15 (Jan 30, 2026) → raised $13.00–$13.25 (Apr 30, 2026) → raised $13.39–$13.49 (Jul 30, 2026) | — | to be reported | — |
| Q4 FY25 | $3.27–$3.47 (Jul 31, 2025) | — | — | — |
| Q3 FY25 | $2.90–$3.00 (May 1, 2025) | — | — | — |
| Q2 FY25 | $2.75–$2.85 (Feb 6, 2025) | — | — | — |
Adjusted EBITDA margin
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY24 | 40.9% (Apr 30, 2024) | — | — | — |
Adjusted EBITDA
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY24 | $590M (Apr 30, 2024) | — | — | — |
The latest quarter
Air Products & Chemicals, Q4 FY26: revenue $3.6B (+12% year over year), operating margin 17.8%, net earnings $584M. The chart follows the revenue to costs, profit and cash.
Questions
Does Air Products & Chemicals beat its guidance?
Air Products & Chemicals gave guidance in 12 earnings releases on file since Apr 30, 2024. Its releases raised guidance twice and lowered it 0 times.
How often does Air Products & Chemicals raise guidance?
Its earnings releases raised guidance twice and lowered it 0 times since Apr 30, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.